(binned per thread starter's request) Naked Trading With HA Handl

Ronin,
I do not like to say what you said about the Banks, two different Indicators my man.
cpfleger

Understood.

Next:

Pressed the mouse by accident on this occassion but posted trade as have to show the good and bad! Still getting through the error phase. I tend to put a TP on the chart which is arbitrary and will take profit usually around the 2-5 pips as per rules.

Ronin,
Under another FF Forum, I use to say - I must calibrate my mouse finger before I trade - eyes, mind and finger calibration required daily, arhhhhhhhhhh.
cpfleger

Next trade as per rules out with 2.5 pips.

@cpfledger ,post 1,152...is this what you are doing with the '25% OV theory' ? the candle with red down arrow is the previous candle which we put are 0%-100% fibo on and the next candle with the red thumbs up we wait until it hits the 25% fibo line with a sell limit.TP is the 50% fibo line,the heikien ashi overlay is for showing trend,hope ive explained it right ! btw thank you for helping out traders !

Hi nozzer the OV 25% percentiles as lines / fibo was my idea. In the picture I would as a suggestion the fib start at the top of the run of red candles to the bottom of the run (considered an elephant candle by OV). You can see the first green candle can't gain more than the 25%. If the next candle goes below than a sell as per OV rules.
Obvious cpfleger may see it a different way with more insight.

Was also trying to see if price above or below the 25% and comes back into the levels then buy / sell as appropriate. With the levels being the targets. This is still experimental and more work is underway. One indicator is based on time and the other on Hi and Lo.

Really happy for others to get involved and see it can be improved etc....

nozzer,
The 25% theory is an old Oliver Velez theory of measuring the previous candle height in a percentile as confirmation and profit or loss only. Fibo's are a separate formula.
Most retail traders have been taught to use Indicators and OV does not use Indicators only Candles and 2 Moving Averages as directional bias only. His theory is based on price and candle size(s) only. Which does work but most traders find it hard to use because of their previous training on Indicators which only indicate at the painted or re-painted time.
We use the previous candle height to confirm the next candle distance by using a percentage (like a measurement stick / ruler) of the previous candle as a quick measurement of our present trade success or not. Simple really.
cpfleger

thanks for your comments Ronin and cpfledger

nozzer / Ronin,

A bit of history for you guys.
cpfleger

This one required patience:


Still in this trade awaiting the X to take profit.

I don't have to prove anything since I don't sell anything, if I bother you I'll also avoid posting the graphs.

Something new..... Love it.
xinitial.

Steve , you'll learn it in action .
Trade more ...

A few of us on this thread are learning / improving our trading skills, practicing everyday etc... It is really good to know that persons like yourself show it is possible.

Even though we have been given the method , the indicators etc.... you can see, and I speak for myself, still struggling to reach profitability everyday; but we will get there.

So, like I stated to Darwati: "Sharing the method does not matter as everyone has to find their own way and a method that works for them, be it manual or automated. Even if you gave the method away most persons would not be successful as shown here on FF. There is no need to be cryptic."

It is the person not the method.

I believe it is great to see your trades and that it is working. Knowing your method will not change how I'm learning to trade or the method I'm trying to master.

I think it is about being altruistic and helping those who are willing and demonstrate commiment and determination to learn something new.

Others may disagree and that is fine.